Milky Mist Dairy Food, one of India’s fastest-growing packaged food companies, has filed its DRHP with Sebi to raise up to Rs 2,035 crore through an IPO. The offer comprises a fresh issue of Rs 1,785 crore and an offer-for-sale component of Rs 250 crore by promoter shareholders Sathishkumar T and Anitha S. Headquartered in … Read more
JM Financial has initiated coverage on Kalyan Jewellers with a ‘buy’ rating and a target price of Rs 700 per share, citing the company’s strong store expansion strategy, improving financial metrics and favourable structural tailwinds in India’s jewellery industry. The target implies a potential upside of 19.4% from Monday’s closing price. The brokerage values Kalyan … Read more
New Delhi: Religare Enterprises has announced a ₹1,500-crore fundraise through preferential allotment of warrants to its promoter, the Burman family of Dabur, and a select group of investors including Ashish Kacholia, Hindustan Times group, Ashish Dhawan and JM Financial. The Burman family through various investment vehicles will subscribe to ₹750 crore worth (50%) of warrants, … Read more
Realty developer Kalpataru has raised over Rs 708 crore from nine anchor investors including GIC Singapore, Bain Capital’s GSS Opportunities Investment, SBI Mutual Fund, ICICI Prudential Mutual Fund, SBI General Insurance, Aditya Birla Sun Life, and 360 ONE WAM. A total of over 1.71 crore shares have been allotted to these nine anchor investors at … Read more
JM Financial has launched its India Model Portfolio with a bullish stance on banks, infrastructure, and domestic demand plays, while staying cautious on expensive mid-cap and small-cap stocks and export-oriented sectors. The brokerage said it is overweight on banks, real estate, telecom, infrastructure, defence and oil & gas. The model portfolio marks a key shift … Read more
One 97 Communications, which operates fintech platform Paytm, will announce its Q4FY25 earnings on Tuesday, with some brokerages expecting the company to swing into profits. Profit after tax (PAT) is estimated to range between Rs 3.6 crore and Rs 4.5 crore, according to JM Financial and Yes Securities. However, Motilal Oswal Financial Services (MOFSL) projects … Read more
The initial public offer (IPO) of Ather Energy will open for subscription today. The company is planning to raise about Rs 2,981 crore through the IPO, where it is offering fresh equity shares of 8.18 crore and an offer for sale (OFS), which comprises 1.1 crore shares. Under the OFS, promoters Tarun Sanjay Mehta and … Read more
Mumbai: India’s primary market is poised to snap a two-and-a-half-month dry spell, with electric scooter maker Ather Energy gearing up to launch its ₹3,000 crore initial public offering on April 28, said people familiar with the matter. The Bengaluru-based startup, backed by Hero MotoCorp, is expected to be valued at ₹9,900 crore pre-IPO and ₹12,500 … Read more
Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could … Read more
India’s second-largest private lender, ICICI Bank, could report a double-digit growth in its March quarter net profit, according to estimates by four brokerages. The bottomline range is seen between Rs 11,822 crore and Rs 12,350 crore, which could be a 10-15% uptick on a year-on-year basis. Lender’s net interest income (NII), which is a difference … Read more